the price is testing 0.5 Fibonacci level, if the price will have a breakout from it, the price comes back into the ascending channel , and we can look for a long position, otherwise, we could see the price around 1400$.
––––– Follow the Shrimp 🦐
Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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The price had a rejection from fibonacci level and it retested again the weekly support. We need to wait